LeapRate's Daily Forex Industry Newsletter
Join now to receive first access to our EXCLUSIVE reports and updates.
Screenshot of a breaking news alert e-mail from Q2 2017
Digital payment solutions provider Paysafe Group Plc (LSE:PAYS) has opened a new office on Victoria Street in Douglas. The Isle of Man registered business is extending its presence on the island where it has been based since 2003.
Paysafe provides digital payments and transaction-related solutions to businesses and consumers around the world. The company provides pay before, pay now and pay later solutions through digital wallets, prepaid solution, payment processing and card issuing, and acquiring products and services in more than 100 payment types and 40 currencies.
The company has recently celebrated its first anniversary as Paysafe, following the acquisition of Skrill Group, the integration of payments company Meritus, the acquisition of FANS Entertainment and more recently Income Access, an affiliate technology provider.
Paysafe has also been actively supporting the island’s community. Initiatives that have been supported include: the Isle of Man Commonwealth Games Association – financially supporting Isle of Man athletes to attend the next Commonwealth games; Sport Aid – supporting promising athletes with their training programmes and giving them the opportunity to attend events; and the Isle of Man Beach Buddies – formed in 2006, the organisation works alongside private companies and environmental groups to help clean up the Manx coastline.
Paysafe President and Chief Executive Joel Leonoff said:
We are proud of the heritage we have as a business that has been facilitating online payments since 1996 and one that has been based here in the Isle of Man for nearly 15 years.
The opening of our new and enlarged office and plans for new community initiatives here in future mark another important step in our journey. The offices we work from and the entrepreneurial culture we promote are key to our success. As a company that applauds focused and pioneering values we are delighted to be continuing our investment here in the Isle of Man.